United States - August 2007

I am divorced with one dependent child. This year my ex-spouse will claim the child as an exemption. Does this mean I cannot qualify as head of household?

2007-08-01 17:57:35 · 4 answers · asked by Anonymous

2007-08-01 17:39:28 · 6 answers · asked by ronald k 1

i want to sell stuff online, but how does tax work online? i tax where it ships from or where it ships to?

2007-08-01 17:18:18 · 3 answers · asked by telmo_almeida 1

There's a weekend in Texas where everything has NO taxes, I never heard of it untill this summer when a friend informed me about it....you can only but school clothes though =(

But does anyone know when does that weekend start? And please know EXACTLY that day b/c I'm going to stay in Austin for a week and I don't want it to go to waste.

Thanks! =D

2007-08-01 17:05:32 · 2 answers · asked by Anonymous

The IRS just passed a regulation that for teachers who work less than 12 months but get their salary spread out over 12 months (annualized), they will be charged an extra 20% excise tax. The only way to avoid this is to state in writing before the first day of the school year that you wish to have your salary annualized. This must be done every year before the first school day.
Someone must be staying up late at night thinking of ways to penalize teachers!
What do you think about this? Is there anything that can be done?

2007-08-01 17:01:00 · 7 answers · asked by Anonymous

i got a new job and i claimed 0,if i switch to 1 will my tax check be lower even though i claim my little sister bacause i give her alot of money out of my checks to her

2007-08-01 16:19:35 · 7 answers · asked by uDONTknowME 2

I turned in my state w-2's and 1040 ez form but i also sent in an amended return with it because i forgot to calculate an additional w-2 with my original return, but i mailed these all at once because i realized what i did before i went ahead and sent in my original form, i think i sent everything in about april/may? they said on the automated system it can take up to 180 but i think its been longer than this, just asking on here cause its too late to call right now, when should i get my return?

2007-08-01 15:56:24 · 4 answers · asked by heath e 5

2007-08-01 15:52:43 · 6 answers · asked by anglecakesalfred 2

After 6mos. of convincing my employer to help me sign up for a lab training program, Dec.2006 he finally paid the tuition $7225. directly into the in-house program which saved me $3000. The amount was put onto my gross income and I have paid him back $2885. so far to date. My problem is that I live in govt.assistance housing for low income families and they are questioning my gross income of which my rent is based. Although, I received no monies directly from my employer for the program, because it shows on my w-2s I'm afraid the housing authorities may try to evict me or worse, claiming I've been trying to defraud the system since I didn't report getting the $7225. to them. I did report the amt. when I did my taxes along with my gross income as it showed on my w-2s. I have to now prove it somehow that this advance was a loan to help me. My credit is too bad to get a regular loan. I have my paymt receipts, the paid program receipt, letter from employer, &w-2. What to else do I do?

2007-08-01 15:44:01 · 3 answers · asked by MS E 1

2007-08-01 15:38:04 · 5 answers · asked by anglecakesalfred 2

2007-08-01 15:08:01 · 12 answers · asked by wynner1304 1

When I originally interviewed for my current job, I didn't mark myself as exempt on my W-4 form. I later found out I was indeed tax exempt, and refiled through my job; however, upon recieving my paycheck today, I find that my check has indeed been gutted by federal income taxes. I complain to payroll, only for them to tell me "We will fix it for next week, but there is nothing we can do about this week's check." With that said,

1) Is there really nothing payroll can do? Is the idea that they already sent the money to the government and so they truly cant adjust the income tax out of my check, or do I just have a lazy bum for a payroll chief?

2) If indeed I can't work it out with my job, how do I get the lost income tax money back in the fastest possible way?

2007-08-01 13:17:16 · 4 answers · asked by Michael 2

Also wondering-is it dispersed through a trust? If it is taxed do they send that off or do you pay taxes when you recieve your "cut"? Is it taxed like regular income? This is a whole new language for us and its been a long ride the last couple years-hopefully we are almost to the end but didn't know how it works....THANX!

2007-08-01 11:03:18 · 2 answers · asked by ARTmom 7

My husband and I are considering buying a home for the first time and I've heard about the tax break we'd get, but I'm not sure if there's a way to predict what refund we would get. It would greatly help in making our decision to buy or continue renting.

If we're in the 25% tax bracket (combined income is $93,000) and pay 6.5% interest on a $160,000 mortgage loan, approximately how much should we get back?

2007-08-01 10:54:21 · 2 answers · asked by angelzoey2 2

My mom filed a income tax return for single and joint filers with no dependents, 1040ez, 2006. What's that mean? I'm still relying on her, does that mean she has a dependent?

2007-08-01 10:53:40 · 4 answers · asked by sps0987 1

Tax Shelter a Short Term Mutual Fund account?
I am 72 years old and I want to put down $10,000 to start a Short-Term(2-5 year) account, with divided reinvested to buy more shares. I hear that even though the dividends are reinvested, dividends reinvestment are considered taxable income for that year and I will have to pay at the end of the year. Is this information correct?

If so, how else would a be able to direct the dividends so that I be tax sheltered from govn't hands. Would I be able to direct earnings into an IRA, but only $4000 is allowable for IRA, is there other ways to not get taxed on my Mutual Fund divideds and earnings? Annuity? Life Policy? LTC?

2007-08-01 10:12:05 · 2 answers · asked by Dee S 2

This person is working in CA. They are claiming 1 deduction. Are paid by the hour. Recently graduated college.

What am I responsible for as an employer for her wage reporting?

2007-08-01 10:05:22 · 8 answers · asked by Andy B 1

2007-08-01 09:20:26 · 8 answers · asked by nelsontrading 1

...one or the other, & if so, which one is better? My situation is both (single parent & head of household- 2 kids, soon 2 jobs, no daycare expense). Also, when filling out tax forms for work...

"Personal Allowance Worksheet" - line E- Enter "1" if you will file as head of household on your tax return.... Do I enter "1"?...

"Employee Withholding Allowance Certificate"- line 5- Total number of allowances you are claiming...

And... although I won't not have any daycare expense, can I still get "Child Tax Credit"?

If I accidentally fill it out wrong, what will happen (it's so frikin' confusing...)? Thank you for any help.

2007-08-01 08:46:33 · 7 answers · asked by SamB12 3

2007-08-01 08:37:39 · 4 answers · asked by nysung82 1

They have vacated the offices they leased in April -

2007-08-01 08:22:21 · 2 answers · asked by Anonymous

2007-08-01 08:19:16 · 2 answers · asked by Debbie W 1

I need that check to prove our relationship before the immigration officials.

2007-08-01 07:57:56 · 6 answers · asked by american 1

I'm only going to make about 15grand this year, He'll make about 39grand. Is it okay for him to claim my daughter and I on his income tax return next year? What about on his w-4 right now? Would he be able to get the earned income credit?
My other thought was, what if he claimed me and I claimed my daughter? Would that be good or not as good as if he claims us both?

2007-08-01 07:11:31 · 10 answers · asked by chaispicetea 4

Based on typical deductions, how much more per hour would I have to make to earn an extra $900 a month in take home pay, after deductions for taxes ?

2007-08-01 06:54:42 · 6 answers · asked by ironwood9 2

2007-08-01 05:59:38 · 7 answers · asked by PJ 1

2007-08-01 05:54:05 · 2 answers · asked by Espico 1

For example, I have an old 403b account with Vanguard and currently employed by a company that does not have a retirement program. I still would like to contribute to the account but with no tax advantage, I am wondering if the contributions are deductable off my federal yearly taxes. Thanks!

2007-08-01 05:53:47 · 3 answers · asked by widespread 1 1

such as iPods? if not, what is it tax free on?

2007-08-01 05:53:31 · 4 answers · asked by dancinpuja21 2

Okay, well heres the thing. I get paid by salary $1200, my check usually comes out for $945, I've had it as "single" and 1 dep. however I've been married for 3 months or so, and I barely remembered about the "single" part, so i asked to change it, so now its married and 1 dep. my check came out for $1000, and my husbands check came out for around $300 more, he too has married and 1 dep. will this affect us, when we have to do our taxes? Since its only us, will we have to pay alot? thank you.

2007-08-01 05:50:54 · 6 answers · asked by jess 1